Postnl N.V. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Year of 2018
November 05, 2018 at 07:12 am EST
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PostNL N.V. reported consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of EUR 635 million against EUR 625 million a year ago. Total operating revenue was EUR 638 million against EUR 630 million a year ago. Operating income was EUR 31 million against EUR 41 million a year ago. Profit before income taxes was EUR 26 million against EUR 31 million a year ago. Loss attributable to the equity holders of the parent was EUR 30 million against profit of EUR 19 million a year ago. Loss per ordinary share was 6.5 cents against earnings were 4.2 cents a year ago. Net cash used in operating activities was EUR 26 million against net cash generated from operating activities was EUR 7 million a year ago. Capital expenditure on intangible assets was EUR 6 million against EUR 8 million a year ago. Capital expenditure on property, plant and equipment was EUR 21 million against EUR 18 million a year ago. Underlying operating income was EUR 29 million against EUR 48 million a year ago.
For the nine months, the company reported net sales of EUR 1,968 million against EUR 1,931 million a year ago. Total operating revenue was EUR 1,978 million against EUR 1,943 million a year ago. Operating income was EUR 92 million against EUR 170 million a year ago. Profit before income taxes was EUR 71 million against EUR 134 million a year ago. Loss attributable to the equity holders of the parent was EUR 17 million against profit was EUR 89 million a year ago. Loss per ordinary share was 3.7 cents against earnings were 9.9 cents a year ago. Net cash used in operating activities was EUR 24 million against net cash generated from operating activities was EUR 15 million a year ago. Capital expenditure on intangible assets was EUR 20 million against EUR 25 million a year ago. Capital expenditure on property, plant and equipment was EUR 55 million against EUR 48 million a year ago. Underlying operating income was EUR 110 million against EUR 183 million a year ago.
For the full year, the company provides underlying cash operating income of between 160 million and 190 million.
PostNL N.V. specializes in supplying mail, parcels and e-commerce services. The company also provides services in the area of data and document management, direct marketing and fulfilment. Net sales (including intragroup) break down by activity as follows:
- parcel delivery (58.3%): in 2023, PostNL N.V. delivered 343 million parcels in Belgium, the Netherlands and Luxembourg;
- mail delivery in the Netherlands (35.4%): 1,745 million postal items processed in 2023;
- other (6.3%).
Net sales are distributed geographically as follows: the Netherlands (85.3%), Europe (8.5%) and other (6.2%).
Postnl N.V. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Year of 2018